On Friday, shares of Earum Pharmaceuticals plunged 3.87 per cent to Rs 1.49 per share from its previous closing of Rs 1.55 with an intraday high of Rs 1.62 and an intraday low of Rs 1.48. The stock has a 52-week high of Rs 3.64 and a 52-week low of Rs 1.45.
The sudden rise in the stock price is due to the company announcing that a meeting of the Board of Directors will be held on Friday, July 21, 2023 to discuss and consider inter alia:
Earum Pharmaceuticals Limited produces and distributes pharmaceutical products. The company offers tablets, capsules, ointments, creams, gels, powders, and syrup. Earum Pharmaceuticals markets its products globally.
Earum Pharmaceuticals has a market cap of Rs 36.82 crore. The company reported positive numbers in its both Quarterly Results and annual results. The stock has a PE of 18.60x whereas the industry PE is 30x.
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